the-growing-importance-of-diversity,-equity,-and-inclusion-(dei)-policies-in-nyc-workplaces

The Growing Importance of Diversity, Equity, and Inclusion (DEI) Policies in NYC Workplaces

New York City is one of the most diverse cities in the world, with a population that consists of a wide range of ethnicities, cultures, religions, and identities. It makes sense, then, that their workplaces would want to mirror that diversity. 

DEI policies (short for Diversity, Equity, and Inclusion) have played an integral role in ensuring that New York employers benefit from the innovation and creativity that comes when a broad swath of interests and identities can safely voice their ideas. Our New York employment attorneys explore how DEI programs positively impact NYC workplaces and how you can benefit from greater diversity, equity, and inclusion in your business.

What Does Diversity, Equity, and Inclusion Mean?

Before we go into how DEI policies can make NYC workplaces better, it makes sense to better understand what we mean by the terms diversity, equity, and inclusion.

Diversity

Diversity refers to the representation of individuals in the workforce. It can encompass:

  • Racial diversity
  • Ethnic diversity
  • Age diversity
  • Gender diversity
  • Sexual orientation diversity
  • Religious diversity
  • Physical ability and neurodiversity
  • And more

Diversity, as they say, is the spice of life. And it makes sense that our workplaces should include the same spices that make up the vibrant soup that is NYC.

Equity

Equity reflects the value that all people should be treated fairly and equitably. DEI policies help to ensure that identity is not predictive of opportunity in the workplace. While often used interchangeably with the term “equality”–there is a difference. Equality means treating everyone the same. Equity means considering an individual’s circumstances and adjusting treatment accordingly so that the end result is fair. To put it in plain terms:

  • Equality: Everyone gets the same-sized chair to sit at the table, regardless of their height.
  • Equity: Everyone gets a chair adjusted to their height so they can comfortably reach the table.

In the workplace, equality treats everyone the same, which only perpetuates things like wealthy white privilege; while equity gives people what they need to succeed.

Inclusion

Inclusion is the practice of creating an environment where everyone feels valued, respected, and supported, allowing them to fully participate and contribute. It goes beyond simply having diverse individuals present—it ensures their voices are heard and they feel they belong. For example, to be successful in creating an inclusive environment for LGBTQIA+ employees, an employer may do things like:

  • Making pronoun-sharing a common practice
  • Creating parental leave policies that include same-sex parents
  • Assembling hiring panels that include traditionally underrepresented groups

There are an infinite number of ways to create an inclusive environment–and the best way to do that is to ask the people you want to include how to do it.

Why DEI is Important in NYC Workplaces

In a city as diverse as New York, workplaces thrive when they reflect and celebrate the people who live here. Diversity, Equity, and Inclusion policies are about doing the right thing—but it doesn’t have to come at a cost to your business. In fact, including DEI into your NYC business can actually have a positive effect on your bottom line.

Studies show that companies with more diverse leadership teams perform better financially. For example, businesses with gender diversity in leadership are up to 48% more likely to outperform those with less gender diversity. When leadership reflects a mix of ethnic and cultural backgrounds, companies are 36% more likely to see higher profits. These numbers show that diversity isn’t just nice to have—it’s a proven business advantage.

But it’s not just about the bottom line. Diverse teams are more innovative, better at solving problems, and more in tune with their customers’ needs. For NYC businesses, where customers and clients come from all walks of life, this kind of insight can set them apart from competitors.

Still, having a diverse workforce isn’t enough. Many employees feel excluded or treated unfairly, which can hold businesses back. That’s why inclusion—making sure everyone feels valued and has an equal shot at opportunities—is just as important. When people feel they belong, everyone wins.

Need Help With Your NYC Workplace DEI Policies?

At Lipsky Lowe, our attorneys can help you create DEI policies that reflect your company’s values and the diversity of NYC. Contact us today to schedule a consult.

About the Author

Douglas Lipsky is a co-founding partner of Lipsky Lowe LLP. He has extensive experience in all areas of employment law, including discrimination, sexual harassment, hostile work environment, retaliation, wrongful discharge, breach of contract, unpaid overtime, and unpaid tips. He also represents clients in complex wage and hour claims, including collective actions under the federal Fair Labor Standards Act and class actions under the laws of many different states. If you have questions about this article, contact Douglas today.